INTIMATION FOR EXTRAORDINARY GENERAL MEETING WILL BE HELD ON MONDAY 15, JUNE 2026 AT 12:30 PM (IST) THOUGH OAVM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Cubical Financial Services Ltd has called an EGM on June 15, 2026 via video conferencing. The meeting seeks approval for four items: (1) doubling the authorised share capital from Rs. 13.51 crore to Rs. 29.51 crore by creating an additional 8 crore equity shares of Rs. 2 each; (2) a preferential issue of up to 8 crore fully paid-up equity shares at Rs. 2.50 per share (including Rs. 0.50 premium) to raise Rs. 20 crore, to be allotted to five proposed allottees — Manoj Agrawal (3.11 crore shares), Amit Kumar Saraogi (3.11 crore shares), Kanchan Saraogi (89 lakh shares), Shikha Agrawal (44.5 lakh shares), and Manoj Agrawal HUF (44.5 lakh shares); (3) adoption of a new Memorandum of Association as per Companies Act 2013; and (4) adoption of a new Articles of Association as per Companies Act 2013. The relevant date for pricing is May 15, 2026. Allottees must bring in 100% consideration on or before the date of allotment.
This is a significant equity dilution event. The preferential issue of 8 crore shares will substantially increase the total share count, diluting existing shareholders. The fact that all shares go to a small group of five identified allottees (likely insiders or promoters) means fresh capital is being raised from a closed group rather than the open market, which could be viewed negatively by minority shareholders.